Ownership Submission
FORM 3
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
  Dudkin Gregory N
2. Date of Event Requiring Statement (Month/Day/Year)
03/05/2012
3. Issuer Name and Ticker or Trading Symbol
PPL Corp [PPL]
(Last)
(First)
(Middle)
TWO NORTH NINTH STREET
4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
President of a PPL Subsidiary
5. If Amendment, Date Original Filed(Month/Day/Year)
(Street)

ALLENTOWN, PA 18101
6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Beneficially Owned
1.Title of Security
(Instr. 4)
2. Amount of Securities Beneficially Owned
(Instr. 4)
3. Ownership Form: Direct (D) or Indirect (I)
(Instr. 5)
4. Nature of Indirect Beneficial Ownership
(Instr. 5)
Common Stock 0
D
 
Common Stock 41.333 (1)
I
Held in trust pursuant to the Employee Stock Ownership Plan.

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. SEC 1473 (7-02)
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Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 4)
2. Date Exercisable and Expiration Date
(Month/Day/Year)
3. Title and Amount of Securities Underlying Derivative Security
(Instr. 4)
4. Conversion or Exercise Price of Derivative Security 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 5)
6. Nature of Indirect Beneficial Ownership
(Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
Employee Stock Options (Right to Buy)   (2) 06/28/2019 Common Stock 15,640 $ 33.39 D  
Employee Stock Options (Right to Buy)   (3) 01/20/2020 Common Stock 25,720 $ 31.17 D  
Employee Stock Options (Right to Buy)   (4) 01/26/2021 Common Stock 43,110 $ 25.74 D  
Employee Stock Options (Right to Buy)   (5) 01/25/2022 Common Stock 43,220 $ 28.2 D  
Stock Unit (ICPKE)   (6)   (6) Common Stock 2,250 $ (7) D  
Stock Unit (ICPKE)   (8)   (8) Common Stock 3,070 $ (7) D  
Stock Unit (ICPKE)   (9)   (9) Common Stock 9,020 $ (7) D  
Stock Unit (ICPKE)   (10)   (10) Common Stock 15,000 $ (7) D  
Stock Unit (ICPKE)   (11)   (11) Common Stock 11,690 $ (7) D  
Performance Stock Unit (ICPKE)   (12)   (12) Common Stock 3,002.167 (1) $ (12) D  
Performance Stock Unit (ICPKE)   (13)   (13) Common Stock 3,555.203 (1) $ (13) D  
Performance Stock Unit (ICPKE)   (14)   (14) Common Stock 6,400 $ (14) D  

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Dudkin Gregory N
TWO NORTH NINTH STREET
ALLENTOWN, PA 18101
      President of a PPL Subsidiary  

Signatures

/s/Frederick C. Paine, as Attorney-In-Fact for Gregory N. Dudkin 03/07/2012
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 5(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1) Total includes the reinvestment of dividends.
(2) The option became exercisable as to 5,213 shares on 06/29/2010 and 5,213 shares on 06/29/2011, and becomes exercisable as to the remaining 5,214 shares on 06/29/2012.
(3) The option became exercisable as to 8,573 shares on 01/21/2011 and 8,573 shares on 01/21/2012, and becomes exercisable as to the remaining 8,574 shares on 01/21/2013.
(4) The option became exercisable as to 14,370 shares on 01/27/2012, and becomes exercisable as to the remaining 28,740 shares in equal installments on 01/27/2013 and 01/27/2014.
(5) The options vest in three annual installments beginning on 01/26/2013.
(6) The units will vest on 06/29/2012.
(7) No conversion or exercise price applies. Under the terms of the Incentive Compensation Plan for Key Employees (ICPKE), a restricted stock unit converts to a share of common stock on the applicable vesting date.
(8) The units will vest on 01/21/2013.
(9) The units will vest on 01/27/2014.
(10) The units will vest on 06/17/2017.
(11) The units will vest on 01/26/2015.
(12) No conversion or exercise price or exercise or expiration date applies. Under the terms of the Incentive Compensation Plan for Key Employees (ICPKE), all, some or none of the underlying securities will be earned depending on the Company's performance relative to an industry peer group over a three-year performance period ending 12/31/2012.
(13) No conversion or exercise price or exercise or expiration date applies. Under the terms of the Incentive Compensation Plan for Key Employees (ICPKE), all, some or none of the underlying securities will be earned depending on the Company's performance relative to an industry peer group over a three-year performance period ending 12/31/2013.
(14) No conversion or exercise price or exercise or expiration date applies. Under the terms of the Incentive Compensation Plan for Key Employees (ICPKE), all, some or none of the underlying securities will be earned depending on the Company's performance relative to an industry peer group over a three-year performance period ending 12/31/2014.

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